Paul I cant really see mad share falling much more, as they have 60m in the bank. So the enterprise value is a poor 80m, for a company that pumps around 1500 (last quarterly), that's not to high. The 1 million dollar question that needs to be answered by the expensive executive team is what are they going to do with the 60m cash now? Until that's answered the shares will drift down, as more and more people will lose faith in the companies direction. You cant be cash flow negative for ever, it catches up with you.
Mad need to buy into better acreage, even if that's at a minority level
FDM Price at posting:
26.5¢ Sentiment: Sell Disclosure: Not Held
